Note 11: Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)

12 Months Ended

Jun. 30, 2014

A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax expense is shown below:

	For the twelve-month period ended
	June 30, 2014	June 30, 2013	June 30, 2012
Tax at statutory rate	$4,700,928	$4,767,373	$4,996,427
Increase (reduction) in taxes resulting from:
Nontaxable municipal income	(524,288)	(505,941)	(469,200)
State tax, net of Federal benefit	295,680	335,940	368,775
Cash surrender value of Bank-owned life insurance	(183,575)	(173,245)	(116,631)
Tax credit benefits	(390,810)	(341,755)	(236,451)
Tax benefits realized on acquisition	-	-	-
Acquisition costs	-	-	-
Other, net	(152,776)	(127,901)	54,189
Actual provision	$3,745,159	$3,954,471	$4,597,109